Oil firms hike ATF prices by 1.4%
New Delhi   01-Dec-2010

State-owned oil firms on Tuesday hiked jet fuel prices by 1.4 per cent, the fourth increase in rates in two months.

The aviation turbine fuel (ATF) rates in Delhi have been hiked by Rs 636.46 per kilolitre, or 1.4 per cent, to Rs 45,240 per kl with effect from Tuesday midnight tonight, an official of IndianOil, the nation's largest fuel retailer, said.

The latest hike comes on the back of a massive 5.5 per cent increase in ATF prices effected on November 16, in sync with the rise in global rates.

With this hike, IOC and sister public sector retailers Bharat Petroleum and Hindustan Petroleum have raised ATF prices on four occasions since October.

The ATF price in Delhi on October 1 was Rs 40,728.52 per kl. The rates were increased by over 11 per cent in four hikes since then, in tandem with a surge in global oil prices past the $80 per barrel mark.

Jet fuel will cost Rs 45,379.62 per kl in Mumbai, home to the nation's busiest airport, from Wednesday as against Rs 44,716.65 per kl at present.